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Q. Consider ?the ?following ?market ?for ?a ?single ?good ?X ?with? two? firms ?that compete ?via? price? (Bertrand).?You? are ?given ?that ?P?=?30-3Q.
a) ?Suppose ?initially ?that ?both ?firms ?have ?unlimited? capacities ?and? marginal? cost? of? 3.?What ?is? the? resulting? equilibrium? price? and ?total?quantity? in? the ?market? ??Prove ?your? answer.
b) ?Now? suppose? that? the ?first ?firm? has? a ?capacity ?of ?2 ?and? the? second? firm? has ?a ?capacity ?of ?4.? What? is? the? resulting ?equilibrium ?price?and? quantity? for? each? firm ?and? for ?the? market? as ?a? whole??Prove ?your ?result.
Supply curve is given by L = 20w. What equilibrium wage rate and quantity is of labour hired. What is economic rent earned by workers.
q1. draw an ad-as diagram representing the u.s. economy in a recession. also draw a diagram of the u.s. labor market in
It is a hot day also Bert is thirsty. Here is value he places on a bottle of water.
If the machine could instead be leased for two years for some monthly payment (paid at the beginning of each month), what monthly cost would be equivalent to the original schedule of payments?
illustrate what is james opportunity cost of producing chickens which person has an absolute advantage in which activities which person has a comparative.
Using the probability from part a, if 5,000 data sets include 10,000 random numbers, how many of these data sets would be expected to have a sample mean of at least 0.499
Which of the subsequent is a Keynesian conclusion about how adjustments occur in a recessionary gap?
Illustrate what were its consumption and government expenditures on goods and services.
In light of the economic downturn, attention has been brought to companies that seem to have a monopoly on a particular market.
Assume for this project that purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision has long-term financial consequences.
Explain how many seats should be protected for full-fare passengers.
The Blair Company's three assembly plants are located in California, Georgia, and New Jersey. Previously, the company purchased a major subassembly, which becomes part of the final product, from
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